Apple to invest $1 Billion in SoftBank fund to support tech

Apple Inc is planning to invest $1 billion in SoftBank Group Corp’s giant new technology fund, adding its name to a growing list of interested parties and giving the iPhone maker a new avenue to tap up-and-coming technologies. Qualcomm Inc also said it will participate in the fund, but the terms and the amount of its investment are still under discussion. Foxconn Technology Co Ltd and Oracle Corp Chairman Larry Ellison also intend to contribute.